Civic Intelligence

Bbg Advanced Therapies

990 • Fiscal year 2015 • EIN 46-2216869

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

6211 Ih 10 WestSan Antonio, TX 78201

(210) 757-9505

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.86x

Higher debt load relative to assets than 87% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

78th percentile

0.93x

Higher debt load relative to revenue than 78% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

34th percentile

-0.1%

Higher net margin than 34% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

71st percentile

$243,883

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$13,519,958

No earlier filing loaded for comparison.

Net Assets

$1,896,476

No earlier filing loaded for comparison.

Liabilities

$11,623,482

No earlier filing loaded for comparison.

Revenue

$12,564,105

No earlier filing loaded for comparison.

Expenses

$12,582,287

No earlier filing loaded for comparison.

Net Income

-$18,182

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0-$50MAssets 2015: $13,519,958Liabilities 2015: $11,623,482Net Assets 2015: $1,896,4762015Assets 2016: $13,539,835Liabilities 2016: $16,306,027Net Assets 2016: -$2,766,1922016Assets 2017: $19,367,171Liabilities 2017: $26,163,395Net Assets 2017: -$6,796,2242017Assets 2018: $17,290,389Liabilities 2018: $37,582,057Net Assets 2018: -$20,291,6682018Assets 2019: $26,611,393Liabilities 2019: $53,328,584Net Assets 2019: -$26,717,1912019Assets 2020: $25,453,948Liabilities 2020: $62,382,383Net Assets 2020: -$36,928,4352020Assets 2021: $16,636,977Liabilities 2021: $10,390,071Net Assets 2021: $6,246,9062021Assets 2022: $21,827,142Liabilities 2022: $14,793,055Net Assets 2022: $7,034,0872022Assets 2023: $18,815,048Liabilities 2023: $10,920,765Net Assets 2023: $7,894,2832023Assets 2024: $23,694,605Liabilities 2024: $26,413,626Net Assets 2024: -$2,719,0212024

Highlighted filing

2015

Assets$13,519,958
Liabilities$11,623,482
Net Assets$1,896,476

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10M-$20MRevenue 2015: $12,564,105Expenses 2015: $12,582,287Net Income 2015: -$18,1822015Revenue 2016: $10,736,352Expenses 2016: $15,399,020Net Income 2016: -$4,662,6682016Revenue 2017: $14,904,398Expenses 2017: $18,934,430Net Income 2017: -$4,030,0322017Revenue 2018: $9,093,139Expenses 2018: $22,588,583Net Income 2018: -$13,495,4442018Revenue 2019: $15,446,044Expenses 2019: $21,802,879Net Income 2019: -$6,356,8352019Revenue 2020: $11,678,298Expenses 2020: $21,889,542Net Income 2020: -$10,211,2442020Revenue 2021: $3,990,807Expenses 2021: $10,638,729Net Income 2021: -$6,647,9222021Revenue 2022: $5,012,409Expenses 2022: $13,721,023Net Income 2022: -$8,708,6142022Revenue 2023: $5,040,198Expenses 2023: $15,033,401Net Income 2023: -$9,993,2032023Revenue 2024: $5,427,037Expenses 2024: $16,040,341Net Income 2024: -$10,613,3042024

Highlighted filing

2015

Revenue$12,564,105
Expenses$12,582,287
Net Income-$18,182
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$12,564,105
Mission and Program Overview

Mission

Gencure's mission is to realize the potential of donated human cells and tissue to save and enhance lives.

Gencure is organized to provide cell and tissue services for regenerative medicine activities including, without limitation: (i) bone marrow donor registration; (see sch. O)

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$0$4,998,814▲ $4,998,814
Accounts Receivable$0$3,632,846▲ $3,632,846
Intangible Assets$0$2,493,397▲ $2,493,397
Land, Buildings, and Equipment, Net$0$1,654,847▲ $1,654,847
Cash and Non-Interest-Bearing Accounts$0$587,156▲ $587,156
Prepaid Expenses and Deferred Charges$0$152,898▲ $152,898
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$0$13,519,958▲ $13,519,958
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$0$9,005,426▲ $9,005,426
Unsecured Notes Loans Payable$0$1,728,451▲ $1,728,451
Accounts Payable and Accrued Expenses$0$889,605▲ $889,605
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$11,623,482▲ $11,623,482
Net Assets / Fund Balance
Temporarily Rstr Net Assets$0$1,083,512▲ $1,083,512
Unrestricted Net Assets$0$812,964▲ $812,964
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$0$1,896,476▲ $1,896,476
Total Liabilities and Net Assets / Fund Balance$0$13,519,958▲ $13,519,958

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,148,419$3,111,124$4,259,543
Leasehold Improvements$506,428$88,147$594,575
Other Land Buildings-$200,259$200,259
Buildings$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary Ellen MooneyCord Blood Director (thru 12/2015)FT$112,118$19,152$131,270
Janet Rusland HarrisQuality Assurance DirectorFT$101,306$19,034$120,340
Michael MoloneyCOO (thru 04/2015)FT$61,289$11,329$72,618

Board Members and Trustees

NameTitle
Sean ThompsonInterim COO/ VP Bus Dev
Biobridge GlobalSole Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Bexar County ClerkMedical Examiner101 W NUEVA STE 800, San Antonio, TX 78205$201,684
Revenue and Support

Revenue Composition

Contributions and Grants
$397,020
Program Service Revenue
$12,163,240
Investment Income
$16
Other Revenue
$3,829
All Other Contributions
$48,729
Change in Net Assets
$-18,182

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$48,300Fair Market Value (FMV)
Other Non Cash Contri Table1$429Fair Market Value (FMV)
Total Noncash Contributions2$48,729-

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,531,105
Revenue Not Reported on Financial Statements
$2,033,000
Revenue Not Reported on Form 990
$2,864,146
Other Revenue Adjustments
$2,033,000
Total Revenue per Audited Statements
$13,395,251
Total Revenue per Form 990
$12,564,105
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,068,325
Salaries, Compensation, and Employee Benefits$5,377,783
Grants and Similar Amounts Paid$136,179
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,292,391--$4,292,391
Occupancy$815,918--$815,918
Other Employee Benefits$505,533--$505,533
Payroll Taxes$316,652--$316,652
Office Expenses$245,834--$245,834
Depreciation Depletion$225,648--$225,648
Fees for Services Other$204,080$8,395-$212,475
Pension Plan Contributions$192,056--$192,056
Other Expenses$186,633$2,847,547-$186,633
All Other Expenses$151,526--$151,526
Grants to Domestic Orgs$136,179--$136,179
Travel$130,204--$130,204
Information Technology$80,598--$80,598
Current Officers, Directors, Trustees, and Key Employees$71,151--$71,151
Advertising$58,428--$58,428
Conferences and Meetings$54,330--$54,330
Fees for Services Lobbying$39,000--$39,000
Fees for Services Legal$24,493--$24,493
Insurance$3,779$6,601-$10,380
Fees for Services Accounting-$731-$731
Total Functional Expenses$9,719,013$2,863,274$0$12,582,287

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,582,287
Total Expenses per Audited Statements$12,582,287
Total Expenses per Form 990$12,582,287
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Blood & Tissue Center FoundationSan Antonio, TX501(c)(3)Operations$136,179
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany Payable$9,005,426
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 6 - Members and Stockholders

Biobridge global is the sole member of the corporation.

Part VI, Line 8A - Document Meetings or Written Actions by Board

Meetings held and written actions undertaken were documented in the minutes of the meetings of biobridge global's board of directors.

Part VI, Line 9 - Mailing Address

Michael moloney - 1342 winston cove, san antonio, tx 78260

Part VI, Line 11B - Process to Review the Form 990

The organization engages an outside accounting firm to prepare the form 990. Once prepared, the return is reviewed by the financial management staff from biobridge global, a related organization, prior to filing the return. A copy of the form 990 is provided to the board of directors of biobridge global prior to filing.

Part VI, Line 12C - Compliance With Conflict of Interest Policy

A copy of the organization's conflict of interest policy is provided annually to all officers, key employees and board of directors of biobridge global. In addition, questionnaires are given out on an annual basis to all officers, key employees and board of directors which cover business and family relationships and various activities that have occurred over the course of the year. Every attempt is made to ensure that all forms are returned. Individuals who fail to return the requested forms or provide incomplete information are contacted by the organization.

Part VI, Line 15A - Review of Ceo/top Mgmt Official Compensation

In determining the top management official's compensation, the organization relied on biobridge global's process to assist in compensation decisions. The process of determining the top management compensation is disclosed in their form 990.

PART VI, LINE 15B - REVIEW OF OTHER OFFICER'S COMPENSATION

The organization relied on biobridge global's process to assist in compensation decisions. The process of determining other officer's compensation is disclosed in their form 990.

Part VI, Line 19 - How Documents Are Made Available to the Public

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Gencure
EIN
46-2216869
In Care Of
% BENJAMIN LOPEZ
Phone
2107579505
Address
6211 IH 10 WEST, SAN ANTONIO, TX 78201

Signing Officer

Name
Donna Respondek
Title
Executive VP/CFO
Phone
2107579505
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martin Landon
Formed
2013
Legal Domicile
TX
Voting Board Members
1
Independent Board Members
0
Employees
115
Volunteers
908

Preparer

Firm
Bkd Llp
Address
10001 REUNION PLACE SUITE 400, SAN ANTONIO, TX 78216-4137
Preparer
Jeanette Verrelli
Phone
2103419400
Supplemental Narrative

Additional Explanations

PART I, LINE 1 - ORGANIZATION'S MISSION

Gencure is organized to provide cell and tissue services for regenerative medicine activities including, without limitation: (i) bone marrow donor registration; (ii) cadaveric tissue services; (iii) umbilical cord blood bank services; (iv) peripheral blood stem cell and umbilical cord blood cellular therapy programs; and (v) clinical research.

Part XI, Line 9 - Other Changes in Net Assets or Fund Balances

Transfer of fixed assets from stbtc, a related organization $1,914,658

Financial Statement Notes

Part XI, Line 2D - Amounts Included on Line 1 But Not on Form 990

Transfer of fixed assets from related organization $1,914,658 net assets released from restrictions $ 949,488 ___________ total $2,864,146

Part XI, Line 4B - Amounts Included on Form 990 But Not on Line 1

Grants included in program service revenue $2,033,000

Part X, Line 2 - Asc 740 Footnote

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0ON JANUARY 1, 2015, THE SERVICES OF SOUTH TEXAS BLOOD & TISSUE CENTER (STBTC) THAT RELATED TO CORD BLOOD, TISSUE, AND CELLULAR THERAPY WERE BROUGHT TOGETHER TO CREATE A SEPARATE 501(C)(3) ORGANIZATION NAMED GENCURE. GENCURE IS ORGANIZED TO PROVIDE CELL AND TISSUE SERVICES FOR REGENERATIVE MEDICINE ACTIVITIES INCLUDING, WITHOUT LIMITATION: (I) BONE MARROW DONOR REGISTRATION; (II) CADAVERIC TISSUE SERVICES; (III) UMBILICAL CORD BLOOD BANK SERVICES; (IV) PERIPHERAL BLOOD STEM CELL AND UMBILICAL CORD BLOOD CELLULAR THERAPY PROGRAMS; AND (V) CLINICAL RESEARCH.
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IRS990/OtherExpensesGrp/ProgramServicesAmt11225137
IRS990/OtherExpensesGrp/ProgramServicesAmt2392791
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IRS990/OtherExpensesGrp/TotalAmt2392791
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012564105
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTERCOMPANY PAYABLE
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